ABT stock: buy or sell

ABT stock price: $111.30 1.15% At close on Jan 15th, 2021

Updated on:
Jan 16th, 2021

2

ABT stock brief

  • Abbott stock moved up 1.15% to close at $111.30 on the stock market on Friday.
  • Abbott is presenting its earnings report on Wednesday
  • The stock is configuring an uptrend pattern since June 2020, when it bottomed at $85.20. This uptrend marked a 30.63% gain
  • Abbott Laboratories discovers, develops, manufactures, and sells health care products worldwide.

Should I buy Abbott stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $ABT stock a buy?

Currently, Abbott stock matches 2 trading strategies:

Uptrend buy setup

Abbott stock continues to trend higher since in June 2020 and marked an amazing 30.63% gain. Price marked a pull back in this uptrend at $104.90 in mid-December, and since then it bounced off a 6.10%. Breaking out above $114.68 - it's last top - will be a good entry point if Abbott resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $103.21

Buy setupBuy pointStop lossRisk
Uptrend buy setup$114.68$103.2110.00%

ATH buy setup

All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at all-time highs is that price doesn't have upper resistances, and usually it rises quickly. However, there's the risk of a bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is so important. Price is now at 3.04% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $114.68. The stop loss would be ordered at $103.21

Buy setupBuy pointStop lossRisk
ATH buy setup$114.68$103.2110.00%

Should I sell Abbott stock?

How to know when is it time to sell Abbott stock?. Trading strategies let us to avoid impetuous decisions based on our personal moods or the noise that surrounds the market. Our trading system selects very simple strategies to guide us on when is the best moment to sell a stock. Be aware that these strategies are not intended for shorting Abbott stock

A golden rule is that you must never mantain an investment that produces losses greater than those expected upon the buy. The moment to sell your stock must always be determined by the stop-loss (automatic or manual)

Is it time to sell Abbott stock?

In the current situation of Abbott there is not any eligible sell setup, so Abbott stock holders with operations in profit can keep their positions

Abbott ratings

We don't have any rating published in the previous month for Abbott

Abbott stock analysis

Since in June 2020, Abbott has been drawing an uptrend that by now marked a gorgeous 30.63%. The chart shows higher highs and higher troughs, and along the way gave some buy points for those who wanted to trade in. Latest low was in mid-December, when price bounced at $104.90. Like in all uptrends, price needs to rest and now price is moving in a range between $114.68 and $104.90

SMAs overview

ABT stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $113.36 (1.85% above)
  • R2: $114.68 (3.04% above)
  • The current support levels are:

  • S1: $110.75 (-0.49% below)
  • S2: $104.90 (-5.75% below)
  • S3: $102.72 (-7.71% below)
  • Bollinger bands

    The evolution of the Bollinger Bands on the chart shows that they are fairly close to each other (4.80%), which clearly indicates that price volatility is low. The narrowness of the Bollinger bands is usually a indication of a sudden price movement (up or down), so we must be on alert and manage our buy or sell orders correctly

    ABT stock Bollinger Bands chart

    Relative strength index

    The has been between the overbought and oversold zones for several weeks, and therefore, without this indicator really being of any help to us in making any decisions.

    ABT stock RSI chart

    Abbott stock price history

    Abbott went public priced at an adjusted price1 of $0.00 on Mar 1980. Since then, ABT stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in Abbott stock on the IPO, it would worth $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    ABT stock price history chart

    Price target for Abbott stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    The following table shows the price forecasts published by brokerage institutions over the last 30 days. If you are a small trader you must not buy or sell based on these predictions.

    We don't have any target price posted in the last month for Abbott.

    Earnings and financials

    ABT ($ABT) releases financial report on Wednesday. Market forecasts of $0.04, compared to Q3 that was $0.98. Regarding to turn over, the estimates are $26.8 million.

    If you are a shareholder of Abbott stock, you should review your stop-loss, as financial report release day often has higher than usual volatility. Abbott's website probably has further details.

    Abbott Laboratories ($ABT) released earnings of $0.98 per share last October, slightly uplifting the analysts consensus estimate of $0.90 per share. This quarterly report represents an earnings surprise of 8.89%. Estimated revenue was $8.5 billion but Abbott slightly uplifted by 4.03%, posting $8.9 billion.

    In comparison, the EPS for the same quarter last year was $0.84, so posted EPS is a improvement of 16.67%. Looking at turnover, figures went up a 9.62% compared to $80.8B same quarter last year.

    Abbott performance

    ABT performance compared
    Company1m3m6m
    Abbott ($ABT) 4.00% 3.80% 12.10%

    Please read:
    The opinions expressed in this article are personal and not recommendations for you to buy or sell shares. The author of this article does not know the specific situations of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for learning motives only

    ABT summary

    Friday, January 15th, 2021
    Open$110
    Close$111.3
    Day range$109.39 - $111.62
    Previous close$110.04
    Session gain1.15%
    Average true range$2.41
    50d mov avg$108.97
    100d mov avg$107.52
    200d mov avg$100.06
    Earnings dateJanuary 20th, 2021

    Frequently asked questions

    What is Abbott stock symbol?

    Abbott Laboratories is a public company trading in the US stock market with the ABT symbol

    Is Abbott stock a buy or sell?

    Abbott had no ratings in the last 4 weeks Read the article to get additional tips on trading ABT stock.

    Will ABT go up?

    There were no price targets published by analysts in the last 4 weeks for Abbott.